Question

In order to calculate value of closing
stock, which alc is to be prepared?
1) P&L a/c.
2)
P&L appropriation a/c.
3)
Memorandum trading a/c.
4)Memorandum P&L a/c.​

Answer 1

Answer:

3) memorandum

please mark me brainliest

Answer 2

Memorandum trading a/c

A memorandum, all the more regularly known as a memo, is a short message or record utilized for inner correspondence in a business. Memorandum Account implies, as for a Participant, an accounting account kept up with by the Company to which is credited how much the Participant's conceded Compensation, along with any profit and appreciation consequently, and against which are charged any misfortunes, deterioration or conveyances thereof, according to Article III.